POET Annual General

Meeting 2020

A unifying platform for Chip-Scale Hybrid Integrated Photonics

Suresh VenkatesanChairman and Chief Executive Officer

POET Vision and Mission

Strategy

Technology and Business

Conclusion

Questions and Answers

AgendaPOET Annual General

Meeting 2020

Vision: To become the global leader in chip-scale

integrated photonics solutions by deploying our Optical

Interposer technology, enabling seamless integration of

electronics and photonics for a broad range of vertical

market applications

Mission: Establish an industry leadership position in chip-

scale integrated photonics with validated disruptive, IP

protected, Optical Interposer platform components for

Datacenter, 5G and Co-packaged Optics

Business Model

Customer

Confidence

ExecutionPeopleProducts/

PortfolioB

uild

ing

Blo

cks

for

Su

sta

ina

ble

Gro

wth

Industry Mega Trends

PROFILERATION OF

Cloud Computing

GROWTH OF

Artificial Intelligence

ADOPTION OF

5G and Edge

PO

ET

Ro

ad

ma

p

So

lutio

ns

100G/200G/400G

Optical Engines

Multiplexed Light Bars

Multiplexed Light

Bars

Co-packaged Optics

25G I-Temp

solutions

Advanced PON

Focus on Competitive Differentiation

- A unifying photonics hybrid integration platform

Micro Optic Assembly

Interposer Functionality

Passive Optical Device Integration

POET

Optical

Interposer

Photonics | Optics | Electronics

From Platform to Products

CMOS Compatible Waveguide Passives

Low Loss ; Single Mode waveguides

O band and C band

External Cavity Lasers

Low cost; High Scalability

Vertical MirrorsWafer level test and

characterization

Compatibility to top entry Optical devices

InP Known Good Die Passive Assembly

Compatible with different types of InP active devices

Micro Optics assembly and Hermetic Seal

Expands applications to Telecom and 5G

Si Photonics Compatibility

Compatible for use with Si Photonics Modulators

“A product platform is not a product. It is

a collection of common elements,

especially the underlying core

technology, implemented across a

range of products.”

Product Platform Strategy :

⚙️ defining product generations

⚙️ supporting extensions

⚙️ creating derivatives

⚙️ enhancing capability

Expanding capabilities of the

platform to enable next gen solutions

Our 2020 Journey

Technology Development → Product Development

Technology Development Product Development

Proof Points Technology Feasibility Product Functionality

Specifications Proof of Principle Product Specifications

Implementation Market Entry unspecified Deterministic Product / Market entry

Organizations

Involved

Research and Development Product Development and Supply

Chain

Deployment

Schedules

Broadly Defined Specific Timelines

NRE Budgets Larger for broad proof of principle Smaller for specific customization

but with product revenue

Duration Multi-year typically Twelve to Eighteen months from

start

We continue to build out our IP portfolio around

the Optical Interposer

Self Alignment features for efficient passive

alignment of both active die as well as micro optics

External cavity ‘athermal’ lasers essential for

co-packaging optics

Vertical Mirrors

Electrical and Optical Interfaces

New Intellectual Property

Artificial Intelligence

Source : Intel

Source: Lightmatter

• Increasing explorations of optical neural networks for inferencing in AI applications

• Photonics are fundamentally :

- Higher Performance

- More Energy Efficient

- Lower Cost

Outside of Data Centers, AI represents a

compelling use case for co-packaged optics

Interposer Architectures for Co-packaged Optics Applications

Heat sink

• Coarse Through Silicon Vias (TSV) for power and low speed IO

• Dense interconnects on interposer for 2.5D high speed routing

• Integrated Light sources and passive optics

Light

SourceIntegrated Passive Optics

Printed

Circuit Board

Interposer

Photonics ICDigital and Analog Electronics

Innovation inspires growth

Vivek RajgarhiaPresident & General Manager

Strategy

Cloud Data Centers – Exponential Growth

Data Growth drives cloud computing infrastructure spend

Content providers deploying unprecedented level of global infrastructure

Interconnect Bandwidth is growing across a variety of industries

5G Adoption and Proliferation

5G accelerates network transformation

What does 5G mean to Photonics

5G is Fiber Hungry and Needs Bandwidth

A Scalable High-Speed Optical Engine Platform

DML1271nm

DML1291nm

DML1311nm

DML1331nm

AWG

Mux

PIN

PD

AWG

DeMux

DML1271nm

DML1291nm

DML1311nm

DML1331nm

AWG

Mux

PIN

PD

AWG

DeMux

EML1271nm

EML1291nm

EML1311nm

EML1331nm

AWG

Mux

PIN

PD

AWG

DeMux

PAM4

Electronics

56Gb Optics

Single Engine, Single Investment, Multiple Generations

Wafer scale integrated CWDM/FR4 Mux / DeMux

Flip-Chip Passively-Aligned DML and EML Lasers

Top Entry InP or Ge Photodetectors

Integrated RF Matching Circuits

Industry Leading Footprint

Flexible Architectures

100G

200G

400G

Product Roll Out Strategy

• Scalable Optical Engine Platform

• 100G/200G

• 400G Light Engines

• 400G Receive Optical Engines

• Scalable Optical Engine Platform

• 400G

• 5G Solutions

Product Roadmap driven by Customer Engagement

Q4 2021

100/200G CWDM4

Optical Engines

Q1 2021 Q2 2021 Q3 20212020

400G Light Engine

400G FR4 Receiver

400G FR4/DR

Optical Engines

Alpha Beta Production

Alpha Beta Production

Pre-Alpha Alpha Beta Production

Pre-Alpha Alpha Beta

Optical systems and module customer

Leading North American Optical systems customer

Optical module customer

Ability to rapidly roll-out products on the platform

Joint Venture – Objectives and Status

• Vertical integration manufacturing for Optical Engines (Cost)

• Investment to scale production (Scale)

• Sanan IC is a wholly owned subsidiary of Sanan Optoelectronics

• World’s largest producer of compound semiconductor wafers

• 20 Million wafers per year, using ~400 MOCVD reactors

• $50M valuation for the JV

• Provides credence and endorsement of POET Optical Interposer Platform

• LOI signed

• Definitive Agreement expected in Q3 2020

Manufacturing Strategy

Optical Interposer

POET Owned and Designed

Photonic Devices

Strategic Sourcing

Co-Designed

POET Specified

Electronics

Off-the-shelf

Assembly & Test

POET JV

JV consolidates the supply chain

JV enables “at scale” manufacturing and

a consolidated supply chain

Structure and OrganizationCORP. HQ: TORONTO, CANADA

• FINANCE

• INVESTOR RELATIONS

• CORPORATE ADMINISTRATION

ALLENTOWN, PA

OPTICAL ENGINE DESIGN & PRODUCT

DEVELOPMENT

DEVICE DESIGN

SUPPLY CHAIN & MANUFACTURING

ENGINEERING

SHENZHEN, CHINA

OPTICAL ENGINE DESIGN &

VALIDATION

MODULE REFERNCE DESIGN &

APPLICATIONS ENGINEERING

CUSTOMER TECHNICAL SUPPORT

(CHINA)

SINGAPORE

OPTICAL INTERPOSER PROCESS &

DESIGN

PLATFORM DESIGN

SUPPLY CHAIN

PRODUCT MANAGEMENT &

MARKETING

ASSEMBLY & TEST

CUSTOMER TECHNICAL SUPPORT

(NORTH AMERICA, EUROPE)

JOINT VENTURE

Innovation inspires growth

Suresh VenkatesanChairman and Chief Executive Officer

Technology and Business

Product Designs Completed

Scalable Optical EngineMultiplexed Light Engines Receivers

• 400G Light Sources

• 100G/200G Optical Engines

• 400G EML based Optical

Engines

• 400G Receivers

Systematic Product Design Validation underwayPOET’s CWDM/FR4 DeMuxPOET’s Multiplexer

0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0.9

1

0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8 2

Cu

mu

lati

ve P

erc

en

tile

Loss (dB)

Fiber Coupling Loss

TE

TM

Spec for 0.5dB/facet

Edge die

Optimization in progress

Novel Spot Size Converter DesignDirectional Couplers and Power Taps

Z Reference

Fiducials

Lasers and Laser Attach

Fiber SSC

PDs and PD Attach

2020 Key Accomplishments

Quarter 4

2019

• Completed Tranche 1 of DLS Transaction

• Hired Vivek Rajgarhia as President and GM

Quarter 1

2020

• Completed Technology Validation of the Interposer principles with strategic partner

• Delivered prototypes as proof of concept

• Defined end to end Platform requirements and architecture for Product designs

• Engaged in Product design wins

Quarter 2

2020

• Announced LOI for Joint Venture with Sanan IC, as a critical manufacturing outlet for POET’s

technology → established commercial viability of the platform

• Completed DLS Transaction

• Augmented Optical Interposer IP portfolio

Quarter 3

2020

• Completed four product designs for multiple applications

• Refined platform requirements for end product applications based on voice of the customer

• Engaged with Lead Customer for a scalable 400G Optical Engine product

• Proposed Development and Supply agreement for Interposer based light source for AI

applications

Looking Forward

Quarter 4

2020

• Commence JV operations

• New flip chip laser architecture for high accuracy passive alignment proven for product

implementation

• Pre-Alpha Product Prototypes for 100G/200G scalable optical engines and multiplexed Light

Source products for 400G DR and FR applications

• Incorporate POET Shenzhen and establish Product Reference Design capabilities

Quarter 1

2021

• 2nd Generation High Power CW CWDM multiplexed Light sources for 400G DR and FR

applications

• Live Product demonstrations at OFC 2021

• Strategic partnership for 400G Optical Engines using Si Photonics based modulators

Quarter 2

2021

• Beta 100G/200G Products for customers and customer qualification

• Alpha Customer samples of 400G FR4 Receivers

Quarter 3

2021

• Beta (production ready) 400G DR and FR multiplexed Light Sources

• Alpha 400G Optical Engines using EML lasers

Team Established

Technology Developed

Products Designed

Customers Committed

Manufacturing Planned

POET Technologies Today